Company: Bharti AXA Life Insurance

Product Name- Life eProtect

Product features:

• Minimum sum assured of 25 lakhs
• Available up to 30 years duration
• Maximum Age – 70 years

Company’s pitch:

• Claim settlement within 48 hours

Our view:

• PLUS- Bharti AXA has lowest premiums in the market when compared to term insurance plans from other companies, both private and public.
• MINUS- IRDA Claim settlement ratio is 88% which is on the lower side when it comes to its peers. Check here to see claim settlement ratio of insurance companies in India.
• MINUS- Bharti Axa has very high customer churn. A high customer churn rate indicates problems with customer service. Check here to see customer service data for insurance companies in India.